Well, what if we told you that hiring a professional Realtor® to assist you in your next real estate transaction could actually save you both money and precious time?

A question we often here from those trying to sell their homes on their own is “Using a Realtor® will cost me money and I’m sure I can figure it out on my own.” Some do attempt to sell on their own, but eventually end up looking to the expertise of a real estate professional to list their home after realizing the headaches and inconvenience of doing it themselves. At the very least, having a real estate agent as a “buffer” between a buyer and seller helps separate the emotions and stress that occurs during negotiations. Using a Realtor® ensures qualified buyers are actually viewing your home as no one wants to just let the general public walk through their house! We also build relationships with other Realtors® which makes it easier to have conversations with them about their buyers when they want to see your home. We are able to ask their Realtor®:

Has your buyer been pre-qualified with a lender?

What is their time line to make a move?

Do they have a current home they need to sell prior to closing on a new home?

The last thing we want to do is waste your time, taking your home off the market only to find out a buyer can’t financially purchase your home. Our job is to get your home sold, and for top dollar! We market your home on 400+ websites, utilize Facebook and Instagram targeted ads, host open houses, hire professional photographers, in many cases we also incorporate 3D viewing technology and video! Our mobile connect platform gives buyers instant access to details of your home before they even step foot inside. These are just some of the tools we use to get your home sold , taking the stress of selling a home off of you!

After you figure the cost of doing everything on your own, including time, energy and education, it’s not difficult to see how hiring a professional in the industry can go a long way…and likely increase your proceeds at the end of the day! Our licensed professionals do more than just put a sign in your yard. Check out the video below on some of the items a Realtor® will do on your behalf:

Realtors come fully packaged and equipped to handle your real estate needs with ease and professionalism. They’re educated in their field and beyond having a professional license, they are members of both local and national boards that provide standards of professionalism in serving you and education on current events taking place in the industry.

A key metric we like to monitor when looking at the health of the Tampa Bay real estate market is the Month’s Supply of Inventory(MSI). The generally accepted benchmark for a healthy market, one that favors neither the seller or the buyer, is 5.5 months supply of inventory. Anything higher than that would be considered a buyer’s market, anything lower – a seller’s market.

So how is MSI calculated?

You divide the current inventory in the market by the 12-month average of monthly closed sales. By dividing by the average of monthly closed sales, we eliminate seasonal effects such as the busy spring selling season or the slow winter season.

Looking at single family homes in Hillsborough County for the month of April 2017, we are currently at a 2.7 months supply of inventory. What this means is if no new single family homes were listed for sale in Hillsborough County, the current supply would be depleted in only 2.7 months!

Last 12 months monthly supply of inventory in Hillsborough County.

Looking at the chart above you’ll notice that we have been at or below 3 months supply of inventory for the past 12 months. In fact, check out the chart below and you’ll see we’ve been at or below 3 months supply since around September 2015!

So what does this mean for you if you are looking to buy or sell real estate anywhere in Hillsborough County?

With the steady low inventory over the past few years, seller’s are still in the driver’s seat. This means there are more buyers in the market bidding on the same limited supply of housing available. Simply put, this is still a great time to sell! We are seeing multiple offers on a daily basis on listings, especially those in highly desirable parts of Hillsborough County.

Now this isn’t all bad news for buyers. What it means is you need to be sure to align yourself with an experienced real estate professional skilled in negotiation, listening to your needs, identifying the right property for you, and moving quickly on it. It is also another reason why it is vital that buyers get pre-approved by a reputable lender so the pre-approval letter can be submitted with your offer. When it comes to multiple-offer situations, showing the seller you have the financial ability to close on their home goes a long way!

Have more questions about the market or looking to sell or buy in Tampa Bay? Reach out to one of our associates or email our office at connect@DiscoverYourPlace.com.

Below you’ll find our September 2016 Market Update for single family homes, condominiums and villas in Hillsborough County. You’ll notice that the median sold price for condos and townhomes in September is up 7.3% compared to September 2015. You can also see that single family home median sold prices are up 11.6% year over year. Please feel free to reach out to one of our NextHome Discovery associates as we’d be happy to go over the Tampa Bay market with you in greater detail!

Homes For Sale

City

Min Price

Max Price

Bedrooms

Bathrooms

Featured Properties

Loading...

Home Valuations

Address

NextHome is a progressive real estate franchise
with consumer focused technology and marketing.
Each NextHome Office Is Independently Owned and Operated.
The information provided herein is supplied by several sources and is subject to change without notice.
The owner of this website does not guarantee or is in any way responsible for its accuracy, and provides
said information without warranties of any kind, either expressed or implied. Should you have any questions,
concerns, or needs, please feel free to contact the owner by clicking on the about page.